Holiday Shoppers May Stay Home This Year - CBS News 8 - San Diego, CA News Station - KFMB Channel 8

Holiday Shoppers May Stay Home This Year

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When money is tight, the holidays can sometimes bring more stress than excitement. In these tough economic times, many people are feeling less enthusiastic about spending money on gifts than in years past. \r\n\r\nThere may be time for toys and time for cheer, just for many, not the money. For instance, Demetrius Coleman and Lachelle Davis, who have three kids and plenty of budgeting to do before the holidays.\r\n\r\n"We are definitely sticking to the plan when it comes to wants and needs for our children, our kids have a lot of toys already," \r\n\r\nSo the couple is paying close attention to what they spend this year, maybe even cutting back on how many gifts each kid will get.\r\n\r\n"Not buying so many expensive gifts, for one thing. \r\n\r\n"We're probably going to stick to like five. Five gifts for the children, you know keep it to the bare minimum," \r\n\r\nIt seems the bare minimum is a popular past time this year, as shoppers kiss stuffed stockings and plush pockets goodbye.\r\n\r\n"We're just really tightening up the belt. Christmas is all about the kids, so we're really focused on them and not worry so much about the adults," shopper Melissa Sharp said.\r\n\r\nIt is still unclear just how drastically the holiday shopping season will be affected, but most shoppers believe there will be fewer packages underneath their trees this year. 18:04\r\n\r\n"I think I'll do less, I don't think I'll be shopping that much,"\r\n\r\nFor retailers, it's also the time of year they push sales and rely on big spenders to put their books back in the black. But with jobs still being lost and consumers being thrifty, it may not be the bright season they've come to expect.\r\n\r\n"We are just budgeting our money and we're just going to focus more on the traditions of the holidays,"\r\n\r\nA lot of folks agree this will be the year to focus on spending time with family and friends, rather than spending money on them.\r\n
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